Latest News
Actively Passive or Passively Active?
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The maturity and prevalence of indexing on the equity markets have undeniably blurred the lines between active and passive management. Investors should be concerned because what appears to be a rules-based, transparent, low-cost strategy may involve hidden active choices that influence returns, risk and transaction costs.
The Stone Age of Economic Reporting: Skip the Archaic Methodologies When Assessing the Market
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Why are we still making high-stakes economic policy based on lagging surveys and statistical approximations? The answer lies in a system that hasn't kept pace with modern realities.
‘King Dollar’ Challenged…But Not Vanquished: Still No Substitute for the World’s Reserve Currency
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While both valuation and technical factors suggest to us that the dollar may continue to weaken in the near-term, we would caution investors against reading too much concerning the US’ long-term economic stability into further dollar weakness.
JPMorgan Asset CEO Warns of Private Credit Froth, Touts High-Yield Debt
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Froth in the red-hot private credit marketplace is creating opportunities in the world of public high-yield debt, according to George Gatch, JPMorgan Asset Management’s chief executive officer.
Dubai and Abu Dhabi’s Haven Status Tested by Mideast Crisis
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The United Arab Emirates has managed to thrive during global instability, drawing capital during the Arab Spring, opening up quickly during the pandemic and attracting Russian money after Moscow’s invasion of Ukraine.
Trump Policies Will Cut Deficits Up to $11 Trillion, White House Economist Says
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President Donald Trump’s economic policies will reduce US fiscal deficits by up to $11 trillion over the coming decade, according to the White House’s chief economist — a projection at variance with independent analysis.
The Dollar’s Death Is Greatly Exaggerated
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The recent decline in the dollar relative to other currencies is well within historical norms. Notably, previous declines were much larger without the “fear-mongering” from the “experts of doom.”
A Concerning Press Conference From the Fed Chairman
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We have seen a lack of conviction from the Federal Reserve (Fed) in previous opportunities. Last year, during the first quarter, Fed members were spooked, as inflation numbers moved higher, changing their view on the path forward regarding interest rates.
Private Equity in Volatile Markets: Vintage Diversification & Manager Quality Matter
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While private equity can deliver attractive entry points — particularly in dislocated markets — success hinges on investing with established, top-tier managers and maintaining deliberate vintage diversification.
Getting the Flexibility to Serve Clients as You’d Like To
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Whether you’re breaking away from a wirehouse and going independent for the first time or looking for a greater degree of balance, there are opportunities for advisors to truly manage their practice the way they choose.
Protecting Elders From Financial Exploitation
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One serious risk to financial wellbeing in retirement that is difficult to talk about is financial exploitation. Someone whose cognitive abilities are declining is vulnerable to harm from both financial predators and their own financial misjudgments.
Unlocking Investment Opportunities in Closed-End Funds
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Financial advisors seeking innovative strategies for income generation and portfolio diversification should take a closer look at closed-end funds (CEFs). With distinct structural features that allow for strategic investment opportunities, CEFs present both potential rewards and inherent risks.
Richmond Fed Manufacturing Activity Remained Soft in June
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Fifth district manufacturing activity remained soft in June, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite manufacturing index rose two points this month to -7, remaining in negative territory for a fourth straight month. This month's reading was higher than the forecast of -10.
Wall Street Says Buy Tech as Geopolitical Risks Often Contained
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As tensions in the Middle East mounted to start the week, Wall Street strategists had a message for US equities investors: Stay calm and buy into market declines. The call looked prescient on Tuesday after President Donald Trump announced a ceasefire between Israel and Iran.
S&P CoreLogic Case-Shiller Index: Annual Gains Continue to Slow
1750771867 from ADVSRPERSP
Home prices declined in April as the benchmark national index fell for a second straight month. The seasonally adjusted home prices for the national index saw a 0.4% decrease month-over-month and a 2.7% increase year-over-year. This marks the third straight month of year-over-year declines and is the smallest annual gain since August 2023. After adjusting for inflation, the monthly change fell to -0.8% and annual change fell to -1.5%.
FHFA House Price Index Down 0.4% in April
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The Federal Housing Finance Agency (FHFA) house price index (HPI) fell to 434.9 in April, the first monthly decline since August 2022. U.S. house prices were down 0.4% from the previous month, lower than the expected 0.1% growth, and up 3.0% from one year ago.
Apple Has No Need to Panic-Buy Its Way to AI Glory
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Now that the Big Tech conference season is behind us, the smart money in Apple Land is saying that Chief Executive Officer Tim Cook should be preparing to open his checkbook for a huge AI deal, so apparent are the company’s shortcomings.
Value of an Advisor 10th Anniversary Edition: The Importance of an Experienced Guide June
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When navigating the unknown, an experienced guide can ensure you don’t veer off the path to your chosen destination, can prevent you from stumbling over hazards, and ensure you have the tools you need to finish the journey safely and soundly.
Gold Surpasses Euro as the Second-Largest Reserve Currency in the World
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The U.S. Dollar Index, when measured against a basket of other major currencies, has declined by approximately 10% this year through mid-June and is currently trading at its lowest level in three years.
Central Bank Gold Buying Recedes, But Not Likely to Falter
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Like all appetites, the consumer typically reaches some point of appeasement. That could be the case for central bank gold purchases, which have started to show signs of receding. But market experts do not see it faltering anytime soon.
Fed’s Bowman Says ‘Time Has Come’ to Revisit Key Capital Buffer
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Federal Reserve Vice Chair for Supervision Michelle Bowman warned the current approach to leverage ratio requirements has led to unintended consequences in the market while adding she could support lowering interest rates as soon as July.
World Markets Watchlist: June 23, 2025
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Eight of the nine indexes on our world watch list have posted gains through June 23, 2025. Hong Kong's Hang Seng is in the top spot with a year to date gain of 20.72%. Germany's DAXK is in second with a year to date gain of 13.32% while Canada's TSX is in third with a year to date gain of 6.87%.
The Bubble – Contains the Collapse – Contains the Resurgence
1750699381 from ADVSRPERSP
When investors approach the financial markets, there’s a tendency to imagine that conditions can be judged as favorable or unfavorable based on one single measure or another. The fact is that market conditions at any moment in time are a composite of interdependent forces.